Kimball International (NASDAQ:KBAL) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Kimball International (NASDAQ KBAL) traded down $0.17 during trading on Wednesday, hitting $18.53. 54,355 shares of the stock were exchanged, compared to its average volume of 112,891. Kimball International has a one year low of $15.40 and a one year high of $20.97. The company has a market cap of $699.90, a P/E ratio of 18.72 and a beta of 1.46.

Kimball International (NASDAQ:KBAL) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.29 earnings per share (EPS) for the quarter. Kimball International had a net margin of 5.64% and a return on equity of 21.84%. The company had revenue of $169.52 million for the quarter.

A number of large investors have recently modified their holdings of KBAL. BNP Paribas Arbitrage SA lifted its position in Kimball International by 1,322.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,302 shares of the company’s stock valued at $105,000 after purchasing an additional 5,859 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in Kimball International in the 2nd quarter valued at about $119,000. Legal & General Group Plc lifted its position in Kimball International by 3.8% in the 2nd quarter. Legal & General Group Plc now owns 10,060 shares of the company’s stock valued at $168,000 after purchasing an additional 366 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Kimball International by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 10,534 shares of the company’s stock worth $176,000 after buying an additional 1,578 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Kimball International by 3.0% during the 2nd quarter. Royal Bank of Canada now owns 11,236 shares of the company’s stock worth $187,000 after buying an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 61.46% of the company’s stock.

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About Kimball International

Kimball International, Inc creates design driven furnishings. The Company sells a portfolio of furniture products and services under three brands, which include Kimball Office, National Office Furniture, and Kimball Hospitality. The Company’s portfolio offers solutions for the workplace, learning, healing, and hospitality environments.

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